French Taxes: Everything You Need to Know Before a Move To France!

[@LeoHipolito]

Great content as always. France is one of the best places to move to due to the favorable USA & France tax treaty. Plus great and affordable health care.

[@WarrenJulieTravel]

Thanks for watching:) Glad you enjoyed it.

[@asterixky]

Best financial informations here. It's been hard to find those. Thank you

[@WarrenJulieTravel]

Thanks and thank you for watching:)

[@pushkarwadgaonkar2187]

Thank you, excellent information.

[@DeanRamser]

Thank you both! Excellent video!

[@WarrenJulieTravel]

Our pleasure! Thank you for watching:)

[@BasicAmericanDadAbroad]

🥇 Outstanding info, thanks to all! Of course a different country, but many similarities, I‘ve been digging to find these very answers for Germany & know how valuable this info would be to anyone looking at a relocation to France…VERY in-depth & useful! Thoughtful detailed questions to cover many potential “gotchas,“ excellent explanations & scenarios…you can’t win a game if you don’t know the rules…very well done 🙌

[@WarrenJulieTravel]

Thanks for watching! I wish we had time to do these deep dives into many other countries. Good luck in Germany:)

[@tioriccopuravidatrader121]

Keep up the good work!! In BiH until Sept 9 then Dubrovnik - Bari ferry

[@WarrenJulieTravel]

Thank you for watching:) We are happy to hear it’s helpful.

[@Bonez1999]

Interesting video, however I'm not sure she's absolutely correct on the foreign dividends/capital gains from foreign ETF's/mutual funds being taxable in France. The way it was explained to me is that if the company/brokerage is a US-BASED/SOURCED company, the tax treaty applies and you would get a dollar-for-dollar credit from France on those dividends/gains It isn't about the companies inside the ETF/mutual fund, it is about the source/location of the company your investing with. At least that is how it was explained to me. Further clarification on this great question would be outstanding Great video and great questions! Thanks!

[@WarrenJulieTravel]

We really tried to delve into this ourselves and it’s just so complicated. There are just so many gray areas with France taxation. Thanks for watching.

[@TravelUrsul]

Could you also create a video on estate planning and inheritance taxes in France? I know it is also different than in US

[@WarrenJulieTravel]

@@TravelUrsul releasing Tuesday 😁

[@TravelUrsul]

@@WarrenJulieTravelGreat! Looking forward to. Love the videos and the information

Very interesting. A lot of information, most of it very instructive. Thank you for this work of synthesis which must have been difficult. Her French accent is as impressive as her knowledge :) . Thanks again and have a nice day.

[@WarrenJulieTravel]

Glad it was helpful! Thanks for watching:)

[@kategreen9647]

We are in the middle of all this too and had a paid appointment with a tax person who gave us less info than this! Thanks for it all even though my head is spinning and I feel the need for a glass of wine with lunch:)

[@WarrenJulieTravel]

It’s exhausting!! Tomorrow we release the second part. It’s an eye opener.

[@camiller4916]

Les frenchies did an in-depth vid with a French/ US tax person who goes into this and more. He brought up how to purchase a home in France so that the home gets passed to heirs w/o the 40% inheritance tax

[@basementstudio7574]

Wife and I are planning to retire in France. I was born and raised in the US. My wife was born in Canada, move to the US in the late 70s, became an American citizen 35 years ago. But just found out about a week ago that her French parents filled out the documents to get her and her two brothers their French citizenship. I imagine that would make moving to France a bit easier but what would having a French citizen as a partner do to our tax liability? All of our retirement income would be from US government, federal and state pensions, and 403Bs, mine federal and hers state retirement funds plus social security. As an aside, my father was born in Bordeaux but never filled out the paperwork to get my citizenship. Which of his documents would I need to find to do the paperwork myself? Assuming that could be done.

[@WarrenJulieTravel]

I will have to have you speak with our expert for accurate information. Please send me an email at [e-mail] and I will forward it over to him so he can answer your questions.

[@schadlarry]

I live off dividends, interest and capital gains and essentially pay zero tax to the US. So would that be zero in France as well? There was talk of tax credits to avoid double taxation but I wouldn't be bringing any from the US to offset any France taxes. When I move I will no longer have any US residence so I was wondering how you go about filing US taxes and also the individual state taxes. Or do you "establish" a state residence somewhere that is favorable to taxes and with a reciprocal agreement on the drivers license.

[@WarrenJulieTravel]

Great questions, but I’m not a tax expert. Please email us at Warren [e-mail] if you wish to be connected with our tax expert.

[@camiller4916]

I’m looking at US states that offer domicile addresses. RVers, digital nomads. And retirees use these services. Usually in FL, TX, SD, maybe NV

[@mikewagner2781]

Is there any chance you can ask her about the tax treatment of dividends and capital gains for Roth IRAs? My understanding is that France is one of the few countries that will respect the tax-free nature of Roth IRAs held in the U.S. Appreciate the content, thanks!

[@WarrenJulieTravel]

I’m pretty sure that we discussed this in the video, but going off memory you are correct. They were not taxing those products. However, I believe they were counted towards your income total for puma, which is the tax for your French health. They consider this different than an income tax.

[@mikewagner2781]

@@WarrenJulieTravel It's a subtle difference, but income from a traditional IRA, 401(k), 403(b), etc would be considered taxable income in the U.S. Cap gains, dividends, or any distribution from a Roth IRA is not taxable. My question is...would those cap gains, dividends, or distributions have any tax implications in France. Really enjoy your videos. Thanks again

[@donnadigangi7148]

Is Sandra a tax attorney or an accountant? Is she familiar with the right type of visa to enter France when one has a US LLC that they intend to run while in France?

[@gooster_yt]

@@WarrenJulieTravel It is not counted for PUMA (CSM). All retirement sources (for the US, that means 401K, SS, Roth, IRAs, private pensions, etc) are excluded (in fact, qualifying pensions will earn an exemption from the charge entirely). She never directly answered your question on whether you pay CSM on these retirement sources. Instead, she just addressed the passive income without directly answering your question. The answer is found in Article L380-2 of the Code de la sécurité sociale -- pensions (even private), disability and unemployment are among the income excluded.

[@stevemitchell7839]

Thanks for the comprehensive explanation of French taxes, seems taxes for retirees in France is actually quite attractive. One thing that she didn't. cover was the French wealth tax. How would this affect expat retirees from the US?

[@WarrenJulieTravel]

We have the second part coming on Tuesday covering succession laws and inheritance taxes. She wanted to wait on the wealth tax until the elections. She said things might change

[@AkamaiOkole]

Another question : I collected unemployment insurance until September. This is an edge case I'm sure, but is this kind of income taxable and subject to PUMA charges in France being that not only is it entirely US sourced, but that it is not the result of actual work ? BTW, the amount collected is so small that I am not trying to avoid paying what I owe, I just want to know if it is subject to French tax and PUMA charges if so I will happily pay it.

[@WarrenJulieTravel]

I would recommend that you declare this on your French tax return. I also recommend you speak to our expert.

[@paulhopkins3792]

I did not see anything about Australian superannuation. Everything I have read online so far says super is taxable in France (it is tax free in Australia so I am not sure how any tax treaty would work).

[@WarrenJulieTravel]

We tried to cover so much. It will depend on the tax treaty. If you wish to consult with the tax attorney, please send us an email at [e-mail] and we will get you in contact. Thanks for watching.

[@AkamaiOkole]

I moved to France in April but I made a lot of money in the US BEFORE i stepped foot into France. Let's say it is $200000 from a severance check received in January (I was layed off my job).. Do I need to declare that income to France as I was not even in France when I earned that income ? Do you declare this income and explain somehow on your French taxes, or do you simply not declare it as it is out of scope. I don't want to get dinged by the France govt or PUMA for any income, however hight, that I earned before I even set foot in France.

[@WarrenJulieTravel]

I really wish I could help you, but this is quite complicated and France has a lot of gray areas when it comes to taxation I suggest you email us at [e-mail] and we will put you in contact with the tax attorney . I would definitely suggest you get some sort of legal advice rather than not report anything. France is very particular.

[@Sazonman]

Basically you're useless

[@rochestephan]

unless you're broke, I don't know why you would become french resident.

[@WarrenJulieTravel]

Taxes in France must be a strong consideration before becoming a tax resident. Thanks for watching:)